M&A Deal Summary

Cyprium Partners Acquires Chief Enterprises

On June 18, 2020, mezzanine finance firm Cyprium Partners acquired automotive company Chief Enterprises

Acquisition Highlights
  • This is Cyprium Partners’ 2nd transaction in the Automotive sector.
  • This is Cyprium Partners’ 41st transaction in the United States.
  • This is Cyprium Partners’ 6th transaction in Illinois.

M&A Deal Summary
Date 2020-06-18
Target Chief Enterprises
Sector Automotive
Buyer(s) Cyprium Partners
Deal Type Recapitalization

Target

Chief Enterprises

Elmhurst, Illinois, United States
Chief Enterprises is a value-added distributor of electrical connectors, electro-mechanical components, and customized assemblies. The Company performs product design, engineering, light assembly, and distribution of a wide range of connectors, circuit protection, power distribution, relays, and audible warning devices for the automotive, agriculture, specialty vehicle, powersport, and industrial markets. In addition, Chief is the North American distribution partner of Robert Bosch GmbH electrical connectors to Tier 1 and Tier 2 automotive suppliers. Chief Enterprises was founded in 1991 and is based in Elmhurst, Illinois.

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Buyer(S) 1

Buyer

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.

DEAL STATS #
Overall 44 of 53
Sector (Automotive) 2 of 2
Type (Recapitalization) 6 of 7
State (Illinois) 6 of 7
Country (United States) 41 of 50
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Uniloy

Tecumseh, Michigan, United States

Uniloy provides blow molding technologies and is the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy was founded in 1958 and is based in Tecumseh, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Caro Nut

Fresno, California, United States

Caro Nut provides healthy, delicious, sustainable nut products to consumers everywhere. We process cashews, almonds, marcona almonds, brazil’s, pistachios, walnuts, macadamias, pecans and hazelnuts. Our products include oil roasted snacking nuts, fruit and nut trail mixes, nut butters (multiple varieties and custom blends) and dry roasted nuts. Caro Nut was founded in 2009 and is based in Fresno, California.

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